Next Technology to sell 5,833 BTC amid custody risk concerns
BROBROK News · Based on reporting by Livecoins ·
Next Technology Holding, a Nasdaq-listed company, said it will sell all 5,833 of its bitcoins, worth about $452 million at current prices. The company said the board approved the move after reviewing recent security incidents in the sector, including the Binance attack, along with broader custody and technology risks.
Key points
- The decision was approved unanimously by the board.
- Next built its BTC position with purchases in 2023 and a larger buy in 2025.
- The company cited exchange hacks and other emerging technology risks.
- It said sales could be made on exchanges, through direct deals, or via Bitcoin-backed financing structures.
- Next said it will continue focusing on its AI and digital assets strategy.
Why it matters
A public company unwinding a large Bitcoin treasury highlights how security concerns can influence corporate crypto strategy. It also shows that recent exchange incidents are affecting sentiment around custody and market risk.
Original headline: “Empresa afirma que venderá todos os seus 5.833 bitcoins devido à onda de ataques contra projetos do setor”
Read the original on Livecoins
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.